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A growing farming conglomerate increases its water usage at a rate of 10% every year. If it
used 13,000 megaliters of water this year, then how much water will it use 17 years from
now?

Sagot :

The quantity of water the farming conglomerate would use 17 years from now is 65,708.11.

What is the amount of water that would be used 17 years from now?

The formula for calculating the amount of water that would be needed 1 years from now:

FV = P (1 + r)^N

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

13000 x 1.1^17 = 65,708.11

To learn more about future value, please check: https://brainly.com/question/18760477

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